Small Banks Complain About Big Bailout
The American Bankers Association wants the Treasury Department to clear something up: Just because the government is doling out money to its members through the Troubled Asset Relief Program doesn’t mean that those who do or do not receive the funds are, well, troubled.
The Treasury Department has been unwilling to release a full list of who has asked for the funds for fear of harming the receiving institution’s reputation or casting doubt on firms that did not get the money. Testifying this morning on the TARP program before … more…
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Jake Bernstein worked at The Texas Observer, an investigative biweekly, for six years, and as its executive editor since 2004. Earlier in his career, he was a staff writer for the Pasadena [Texas] Citizen and then for the Miami New Times. His work has received numerous state-level and national journalism awards, and The Texas Observer, under his leadership, was named Best Political Magazine of 2005 by Utne Reader. Bernstein is co-author of Vice: Dick Cheney and the Hijacking of the American Presidency (2006).
